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Lot
5784

1892 $1 PR68 Cameo PCGS....

2013 August 8 - 10 US Coins Signature Auction - Rosemont #1188

 
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Auction Ended On: Aug 9, 2013
Item Activity: 10 Internet/mail/phone bidders
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Location: Hyatt Rosemont
6350 N. River Road
Rosemont, IL
60018
Description:

1892 Morgan Dollar, PR68 Cameo
Among the Finest Known of This Popular Proof Date
1892 $1 PR68 Cameo PCGS. The mintage of proof Morgan dollars was markedly higher in 1892 than in the immediate years both prior and after, perhaps partly due to the Columbian Exposition that was originally scheduled for that year. The higher mintage is also explained in part by the introduction of the Barber dime, quarter, and half dollar during this year. Along with the new design change came an increased interest in collecting, and this was followed a year later by Heaton's study of mintmarked coinage, also contributing to the rise in popularity of the numismatic hobby. Many of the 1892 proofs suffered from indifferent striking quality overall, with a number of coins lacking complete high-point definition. Such was not the case with the currently offered Superb Gem, however, which is fully struck.

This is an impeccable cameo proof that displays a glassy, untoned appearance, with none of the often-seen weakness on the hair curls over Liberty's ear. The contrast between fields and devices is unmistakable, and the fragile fields have survived hairline-free and undisturbed by even the slightest evidence of contact. It is essentially untoned on the obverse, but the reverse is beginning to show hints of golden toning on some of the peripheral devices.

Just two other examples of this issue have been graded as PR68 Cameo by PCGS, with only a single finer PR68 Deep Cameo example certified by the same service (6/13).
Ex: Dallas Signature (Heritage, 12/2005), lot 2649; National Money Signature (Heritage, 4/2006), lot 1200.
From The Greensboro Collection, Part IV.(Registry values: N7079) (PCGS# 87327)

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